Funding arb · Price arb /

PENGU

all PENGU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Arcus−0.200%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.200% cheaper against Arcus than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PENGU-USD	0.009010	0.0100	pay 0.0013% / 1h	54m 48s	$19K	$24K	5x
Short	Pacifica PENGU	0.008992	0.0100	get 0.0013% / 1h	54m 48s	$158K	$243K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee PacificabpOrdersPrice spread, now −0.200%Rate

Funding earned: $0
Price spread: −0.200% → 0.000%: −$19.98
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$32.48
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Pacifica: live order book, 63 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 63 min ago	4.02 bp	20.0 bp −$20	doesn't fit	doesn't fit	doesn't fit

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PENGU on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) PENGU/USD	L +0.0007% / S −0.0003%	1h	0.009021	+0.121%	$33K	—	150x	as long as short
Injective PENGU/USDC PERP	+0.0033%	1h	0.008789	−2.453%	$3K	$117K	5.5x	as long as short
dYdX PENGU-USD	+0.0080%	1h	0.008989	−0.237%	$12K	$5K	5x	as long as short
Deribit PENGU_USDC-PERPETUAL	+0.0083%	1h	0.009025	+0.166%	$19K	$10K	10x	as long as short
01 Exchange PENGUUSD	+0.0088%	1h	0.009021	+0.122%	$206	$64	5x	as long as short
Lighter PENGU	+0.0096%	1h	0.009035	+0.277%	$321K	$719K	8x	as long as short
Nado PENGU-PERP	+0.0100%	1h	0.009018	+0.089%	$606K	$1.0M	5x	as long as short
Hyperliquid PENGU	+0.0100%	1h	0.009038	+0.311%	$8.4M	$14.7M	5x	as long as short
Aster PENGUUSDT	+0.0100%	4h	0.009035	+0.274%	$130K	$597K	20x	as long as short
Pacifica PENGUshort	+0.0100%	1h	0.008992	−0.200%	$158K	$243K	5x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PENGUUSDT	+0.0100%	4h	0.009031	+0.237%	$38.8M	$167.7M	75x	as long as short
Bybit PENGUUSDT	+0.0100%	4h	0.009025	+0.166%	$23.9M	$40.1M	75x	as long as short
OKX PENGU-USDT-SWAP	+0.0100%	4h	0.009033	+0.255%	$7.8M	$49.4M	50x	as long as short
Arcus PENGU-USDlong	+0.0100%	1h	0.009010	long leg	$19K	$24K	5x
Gate PENGU_USDT	+0.0100%	4h	0.009028	+0.200%	$3.4M	$15.9M	75x	as long as short
MEXC PENGU_USDT	+0.0100%	4h	0.009030	+0.222%	$11.0M	$12.4M	125x	as long as short
KuCoin PENGUUSDTM	+0.0100%	4h	0.009032	+0.244%	$4.9M	$9.3M	75x	as long as short
Bitget PENGUUSDT	+0.0100%	4h	0.009039	+0.322%	$8.8M	$12.7M	75x	as long as short
BingX PENGU-USDC	+0.0100%	4h	0.009021	+0.122%	—	$2.3M	—	as long as short
Backpack PENGU_USDC_PERP	+0.0100%	1h	0.009035	+0.277%	$302K	$330K	10x	as long as short
Variational Omni PENGU	+0.0100%	4h	0.008998	−0.134%	$934K	$1.0M	—	as long as short
GRVT PENGU_USDT_Perp	+0.0100%	4h	0.008963	−0.516%	$478K	$2.1M	10x	as long as short
ApeX Omni PENGUUSDT	+0.0100%	1h	0.008966	−0.488%	$81K	$242K	50x	as long as short
Orderly PERP_PENGU_USDC	+0.0100%	4h	0.009023	+0.144%	$24K	$85K	20x	as long as short
SunX PENGU-USDT	+0.0100%	4h	0.009245	+2.608%	$3K	$2.1M	10x	as long as short
SoDEX PENGU-USD	+0.0100%	1h	0.009025	+0.166%	$1K	$5K	5x	as long as short
HTX PENGU-USDT	+0.0100%	4h	0.009014	+0.044%	$93K	$377K	25x	as long as short
Extended PENGU-USD	+0.0104%	1h	0.009028	+0.205%	$186K	$943K	10x	as long as short
Aevo PENGU-PERP	+0.0104%	1h	0.009022	+0.133%	$208K	—	3x	as long as short
Reya PENGURUSDPERP	+0.0239%	1h	0.009018	+0.091%	$305	—	10x	as long as short
BloFin PENGU-USDT	+0.0340%	4h	0.009023	+0.144%	$1.5M	$4.0M	75x	as long as short
GMX PENGU/USD [WBTC.b-USDC]	L +0.0514% / S −0.0477%	1h	0.009024	+0.155%	$127K	—	100x	as long as short
Kraken Futures PF_PENGUUSD	+0.0605%	1h	0.009041	+0.348%	$353K	$2.4M	50x	as long as short
Coinbase International PENGU-PERP-INTX	+0.2704%	1h	0.009069	+0.655%	$96K	$61K	50x	as long as short